ArcBest Corp expected to post earnings of $2.05 a share - Earnings Preview

ArcBest

26/07/2023 14:22

* ArcBest Corp  ARCB.OQ   ARCB.O  is expected to show a fall
in
quarterly revenue when it reports  results on July 28. 
    * The Fort Smith Arkansas-based  company is expected to
report  a
20.4% decrease in revenue to $1.108 billion from $1.39 billion a
year ago, according to the mean estimate from 8 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for ArcBest Corp is for
earnings of $2.05 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ArcBest
Corp is
$115.5​, above​ its last closing price of $111.84. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  2.25        1.97       1.58      Missed  -19.9
 Dec. 31 2023  2.61        2.53       2.45      Missed  -3
 Sep. 30 2022  3.70        3.72       3.80      Beat    2.3​
 Jun. 30 2022  3.93        3.95       4.30      Beat    8.8
 ​​Mar.        2.18        2.15       3.08      Beat    43.2
 31 2022                                                
 Dec. 31 2021  2.28        2.24       2.79      Beat    24.6​
 Sep. 30 2021  2.45        2.45       2.59      Beat    5.8
 Jun. 30 2021  1.64        1.62       1.97      Beat    21.2
 This summary was machine generated July 26 at 13:22 GMT.  All
figures in US dollars  unless otherwise stated